Foxconn, the world's largest contract electronics maker, reported a 91% year-over-year increase in first-quarter net profit, reaching NT$42.12 billion ($1.39 billion), surpassing market expectations. The surge was driven by strong demand for artificial intelligence (AI) servers, which accounted for 34% of its first-quarter revenue and contributed to a 24.2% increase in revenue to NT$1.644 trillion, a record for the quarter. Despite the robust first-quarter performance, Foxconn has slightly lowered its full-year outlook for 2025 due to uncertainties related to U.S. tariffs and currency volatility. The company anticipates significant growth in the second quarter, with AI servers expected to see high double-digit growth year-over-year. Foxconn's major manufacturing operations in China and its expansion into electric vehicles (EVs) are also factors influencing its outlook. Foxconn's AI server business is projected to become a NT$1 trillion business this year, despite market uncertainties. The company's involvement in assembling iPhones for Apple and producing servers for Nvidia underscores its significant role in the tech supply chain. Foxconn's shares have fallen 11.4% year-to-date but rose 3.2% on the day of the earnings announcement.